On-Demand
Tax Planning for Seniors 2024-25
CPE: 4
Overview
Seniors face issues that complicate return preparation and planning. When to apply for social security? How is it taxed? What if they continue to work? Will an increased standard deduction affect charitable planning? Will downsizing affect interest and property tax deductions and payments? How to help children or grandchildren pay for a home or a college education? We'll explore these questions and more.
Product Code
1000003584
Credit Type
CPE: 4CFP: 4CPE-Technical: 4MCLE: 3Format
Online Self-Study
Intended Audience
Staff at all levels focused on planning Financial planners recommending retirement strategies
NASBA Field of Study
Taxes
Level of Difficulty
Intermediate
Prerequisites
Experience in individual tax preparation and planning.General knowledge of social security and other retirement vehicles.
Advance Preparation
None
Learning Objectives
Major Subjects
- Income for seniors: retirement, earnings and investments
- Tax Deductions: planning, bunching, strategies
- Planning to help family members
Faculty
Mary Kay Ann Foss
Mary Kay Foss CPA is a frequent lecturer for community, professional and business groups. She has authored and presented courses for tax professionals throughout California. She has over thirty years of practical experience in advising clients about retirement, income and estate planning issues. Ms. Foss currently serves on the AICPA Individual Self-Employed Technical Resource Panel and is a past chair of the AICPA Trust Estate and Gift Tax Te...
More about Mary Kay Ann Foss